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Market Higher on Strong Fundamentals


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The real head scratcher today was Krugman.

 

You really have to read it and consider the levels of irony, or something, in expressing skepticism in efficacy of monetary policy a few short days after he called for the Fed to monetize $2 trillion.

 

http://krugman.blogs.nytimes.com/2009/12/1...onetary-policy/

Fantastic catch, Jorma.

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As the market rises, here is what is happening on Main Street:

 

http://www.nytimes.com/2009/12/15/us/15pol...rss&emc=rss

 

That's fun to read...

 

Lester Holt was interviewing and old black blues player on last night's news (damned if can remember his name, but he was good)

 

The guy was like 94 years old and still going strong...but it was clear that this MF'er had seen it all and then some, plus 2

 

At one point, near the end of the interview Lester says something along the lines of,

 

Lester: "so with the hard times going on in America today would you say that things are about as bad as they can get"

Blues Guy: (looks up with a twinkle in his old 94 year-old eyes)

 

"Nah man, you ain't seen nothin' yet"

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Masters Of War

 

 

Come you masters of war

You that build all the guns

You that build the death planes

You that build the big bombs

You that hide behind walls

You that hide behind desks

I just want you to know

I can see through your masks

 

You that never done nothin'

But build to destroy

You play with my world

Like it's your little toy

You put a gun in my hand

And you hide from my eyes

And you turn and run farther

When the fast bullets fly

 

Like Judas of old

You lie and deceive

A world war can be won

You want me to believe

But I see through your eyes

And I see through your brain

Like I see through the water

That runs down my drain

 

You fasten the triggers

For the others to fire

Then you set back and watch

When the death count gets higher

You hide in your mansion

As young people's blood

Flows out of their bodies

And is buried in the mud

 

You've thrown the worst fear

That can ever be hurled

Fear to bring children

Into the world

For threatening my baby

Unborn and unnamed

You ain't worth the blood

That runs in your veins

 

How much do I know

To talk out of turn

You might say that I'm young

You might say I'm unlearned

But there's one thing I know

Though I'm younger than you

Even Jesus would never

Forgive what you do

 

Let me ask you one question

Is your money that good

Will it buy you forgiveness

Do you think that it could

I think you will find

When your death takes its toll

All the money you made

Will never buy back your soul

 

And I hope that you die

And your death'll come soon

I will follow your casket

In the pale afternoon

And I'll watch while you're lowered

Down to your deathbed

And I'll stand o'er your grave

'Til I'm sure that you're dead

post-2253-1260856155.jpg

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ITS THE CAPITAL STUPID

 

America is consuming its productive capital - its muscle - to add fat to fall street

 

As its productive capital shrinks so do the good high paying jobs which that capital supported. :ninja:

 

You cant make jobs out of thin air (well you can if you borrow and spend - but we are seeing where that is going)

 

The consumer is tapped out

 

Soon the Government sponsored consumerism will be tapped out as well.

 

Any increase in consumer spending must come from default on debt payments or from government transfer payments - indeed america is having quite a large "Default Stimulus" which has replaced the Credit card/heloc/mortage stimulus - this is why consumption has not collapsed even more - the debt default/government defecit are acting as giant shock absorbers.

 

And then the government will join the consumers at the "default" setting.

 

Trasheries are becoming "sub prime"

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